Elkins, WV High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Elkins, West Virginia Market population: 7K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Elkins WV Properties: 0.4100%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Elkins WV
Common questions from investors exploring commercial real estate in Elkins WV.
What's the overall investment potential of Elkins, WV?
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The 19.1% poverty rate, combined with a 90.7% health insurance coverage rate, suggests a relatively stable workforce, while the top industries in finance, agriculture, and transportation indicate a diverse economic base, making Elkins an attractive investment opportunity. Additionally, the 11.9-minute average commute time and high homeownership rate of 57.9% contribute to a stable quality of life. The median property value of $99,300 and median property taxes of $1,803 also make it an affordable market to invest in.
How does the demographic makeup of Elkins impact rental demand?
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The city's ethnic diversity, with 47.7% White and 47.1% White Non-Hispanic populations, contributes to a stable and welcoming community, which can attract a wide range of renters. The median age of 40.0 and median household income of $33,319 also suggest a working-class market with a strong demand for affordable housing. Furthermore, the foreign born rate of 1.4% is relatively low, indicating a stable population with minimal influx of new residents that could impact rental demand.
What are the key factors influencing property appreciation in Elkins?
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The median property value of $99,300, combined with a relatively low poverty rate of 19.1% and high health insurance coverage rate of 90.7%, suggests a stable and appreciating property market. The top industries in finance, agriculture, and transportation also contribute to a diverse economic base, which can drive property appreciation. Additionally, the GINI coefficient of 0.467 indicates a moderate level of income inequality, which can impact property values and appreciation rates.
How does the commute time and transportation infrastructure impact the quality of life for residents?
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The average commute time of 11.9 minutes is relatively short, indicating a convenient and accessible transportation infrastructure. The top commute methods of driving alone, carpooling, and walking also suggest a flexible and adaptable transportation system. This, combined with a high health insurance coverage rate of 90.7%, contributes to a high quality of life for residents, making Elkins an attractive location for renters and investors alike.
What are the implications of the city's economic indicators for real estate investment?
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The employed population of 3,140 and top industries in finance, agriculture, and transportation suggest a diverse and stable economic base. The median household income of $33,319 and poverty rate of 19.1% also indicate a working-class market with a strong demand for affordable housing. Furthermore, the homeownership rate of 57.9% and median property value of $99,300 suggest a relatively affordable and stable housing market, making Elkins an attractive location for real estate investment.
Elkins WV Real Estate & City Facts
Key facts and real estate information about Elkins WV.
What are some of the best neighborhoods to live in Elkins?
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I couldn't find specific neighborhood names, but Elkins has a variety of charming communities that are rich in heritage and blessed with unparalleled beauty.
What are some fun things to do in Elkins?
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There are plenty of fun things to do in Elkins, including visiting the Randolph County Community Arts Center, attending the Mountain State Forest Festival, and exploring the Allegheny Highlands Trail. You can also check out the Rotary Amphitheater for live music and shows.
What is the food scene like in Elkins?
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The food scene in Elkins is a mix of Appalachian cuisine, casual fine dining, and down-home country cooking. Some popular restaurants include C.J. Maggie's, 1863 Appalachian Bistro, and Scottie’s of Elkins. There are also plenty of great food trucks and farm-to-table options available.
What are the pros and cons of living in Elkins?
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The pros of living in Elkins include its natural beauty, rich heritage, and charming communities. However, the city also faces challenges such as a high poverty rate and limited job opportunities. Overall, Elkins is a great place to live for those who value a close-knit community and outdoor recreation.
Is Elkins a good place to live?
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Elkins is a great place to live for those who value a close-knit community, outdoor recreation, and a rich cultural heritage. While it may not be the best fit for everyone, the city has a lot to offer, from its beautiful mountains and forests to its vibrant arts and food scene.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Elkins WV Commercial Property: $33,319
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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